The global machine tools market is the backbone of industrial production, powering everything from automotive manufacturing to aerospace engineering, heavy machinery, and consumer electronics. As we move into 2025, this sector is being reshaped by digitalization, precision engineering, and automation — fueling a new era …
The Global Machine Tools Market serves as the backbone of modern manufacturing across diverse industries such as automotive, aerospace, electronics, defense, and heavy machinery. With increasing demand for high-precision components, automated workflows, and energy-efficient solutions, machine tools have become more sophisticated, smarter, and central to …
Post COVID-19, the global machine tool market size is projected to reach USD 68.9 billion by 2021 from an estimated USD 65.6 billion in 2020, at a CAGR of 5.0%. The projections were based on the ongoing automotive industry production drop, which is the biggest …